Euro / U.S. Dollar
Updated

EUR/USD Drops Sharply – Testing Key Support

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EURUSD has broken through a series of FVG zones from 1.1750 down to 1.1600, signaling dominant bearish control. The pair is now approaching a critical support zone around 1.1580–1.1600 — the last remaining FVG area that previously acted as a temporary bottom. This zone may trigger a short-term bounce or at least a consolidation phase.

The recent sell-off was driven by stronger-than-expected U.S. economic data (GDP, durable goods orders, PCE index) and reinforced expectations of a prolonged hawkish stance by the Fed. Meanwhile, the ECB has yet to deliver clear guidance on potential easing, leaving the euro vulnerable. The USD’s strength continues to apply downward pressure on EUR/USD with little resistance in sight.
Trade closed: target reached

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